savings account

noun

: an account (as in a bank) on which interest is usually paid and from which withdrawals can be made usually only by presentation of a passbook or by written authorization on a prescribed form

Examples of savings account in a Sentence

She opened a savings account.
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Greg Abbott touts Texas school voucher plan Gov. Greg Abbott signed Texas’ new education savings account program into law earlier this month. Silas Allen, Fort Worth Star-Telegram, 12 May 2025 The Universal Savings Account (USA) Act, introduced this month in both chambers of Congress, aims to create a new class of savings account that combines the tax advantages of a Roth individual retirement account (IRA) with the unrestricted access of a traditional savings account. Aliss Higham, MSNBC Newsweek, 12 May 2025 Even so, a high-yield savings account (HYSA) should still provide a stronger return than a traditional savings vehicle. Ryley Amond, CNBC, 9 May 2025 But, as for the rest of us, a screenshot of their dye jobs presented to your colorist every eight months instead of every four might be the decision our savings accounts are begging us to make. Leah Prinzivalli, Allure, 9 May 2025 See All Example Sentences for savings account

Word History

First Known Use

1850, in the meaning defined above

Time Traveler
The first known use of savings account was in 1850

Browse Nearby Words

Cite this Entry

“Savings account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20account. Accessed 23 May. 2025.

Kids Definition

savings account

noun
: an account (as in a bank) on which interest is usually paid and from which withdrawals can be made

More from Merriam-Webster on savings account

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